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TSLA

Tesla

$257.95

-6.63 (-2.51%)

09:57
03/25/19
03/25
09:57
03/25/19
09:57

Tesla implied volatility surges as shares slip to 5 month lows

Tesla implied volatility surges as shares slip to 5 month lows. Shares down nearly $8, or 3%, to the $256 level this morning following lowered price targets at RBC, with 50K contracts trading in the first 15 minutes as at-the-money implied volatility jumps 5 points in the April term, to 65%, the highest level since January, and put/call skew steepens nearly a point to nearly 15 points between the 25delta put and call in the first 3 terms. 3/29 weeklys make up half the early volume, including 4300 250 puts and 2800 240 puts. Notable block in the opening minute was a buyer of 989 3/29 240 puts for $2.30 as shares traded 258.48. chart

TSLA Tesla
$257.95

-6.63 (-2.51%)

03/25/19
BARD
03/25/19
NO CHANGE
Target $65
BARD
Outperform
Carvana price target raised to $65 from $58 at Baird
Baird analyst Colin Sebastian raised his price target for Carvana (CVNA) to $65 from $58 after increasing his Q1 unit and revenue estimates above consensus. The analyst now expects Q1 retail units of 34,000, above the consensus of 32,900, on revenue of $678M, up 88% year-over-year. Tax refund flows are likely to provide a late-quarter tailwind, Sebastian tells investors in a research note. The correlation between refunds and used car sales is likely providing a boost in unit sales ahead of the Q1 quarter close, Sebastian tells investors in a research note. Further, he believes the online shift by CarMax (KMX) and Tesla (TSLA) are endorsements of the e-commerce model. The analyst remains constructive on Carvana shares citing the momentum from a seasonal uplift in car sales, positive near-term data checks, and the "massive" long-term e-commerce opportunity for used cars. He keeps an Outperform rating on Carvana.
03/25/19
LEHM
03/25/19
NO CHANGE
LEHM
Underweight
Tesla's 'conflicting' guidance has parallel universes, says Barclays
The parallel universe theory may explain Tesla's "conflicting guidance," Barclays analyst Brian Johnson tells investors in a research note titled "Parallel universes of 'guidance.'" The analyst sees "at least two, possibly three," parallel universes issuing from Tesla and its CEO Elon Musk, with a wide range of implied revenue guidance. In the first universe, the universe of regulatory filings with lawyer vetted statements, Tesla is guiding towards annual deliveries of 360,000 to 400,000 total units, Johnson writes. In the second universe, which includes Musk's oral comments, tweets and court filings, the delivery guidance is 420,000 to 600,000 vehicles, adds the analyst. The difference between the two universes is up to $10B of revenue or $8B of inventory build, Johnson contends. He keeps an Underweight rating on Tesla with a $192 price target. The stock closed Friday down $9.49 to $264.53.
03/25/19
JMPS
03/25/19
NO CHANGE
Target $394
JMPS
Outperform
Tesla price target lowered to $394 from $406 at JMP Securities
JMP Securities analyst Joseph Osha reduced his 2019 and 2020 estimates for Tesla reflect continued weakness in the U.S. market as well as a partial retreat from the earlier plan to shut the dealership network down. However, he has not adjusted his unit delivery, revenue, or gross margin assumptions for 2020 and said he is still a buyer of the stock given his view that the company's current challenges do not change the underlying competitive story. Osha lowered his price target on Tesla shares to $394 from $406 but keeps an Outperform rating on the stock.
03/25/19
RBCM
03/25/19
NO CHANGE
Target $210
RBCM
Underperform
Tesla price target lowered to $210 from $245 at RBC Capital
RBC Capital analyst Joseph Spak lowered his price target on Tesla to $210 and kept his Underperform rating ahead of its Q1 deliveries report expected in early April. The analyst cites "meager demand and some M3 delivery issues abroad", revising his Q1 outlook to 52.5K Tesla Model 3 deliveries from his 57K prior outlook and the consensus view of 58.4K. Spak adds that he anticipates Tesla's lower pricing to weigh on margins for the company, and he lowers his FY19 EPS view to (33c) from $4.43 and FY20 view to $1.70 from $5.71.

TODAY'S FREE FLY STORIES

FB

Facebook

$200.99

1.64 (0.82%)

, GOOGL

Alphabet Class A

$1,339.41

11.6 (0.87%)

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Alphabet Class A

$1,339.41

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Alphabet

$1,341.23

12.23 (0.92%)

AAPL

Apple

$270.71

5.15 (1.94%)

AMZN

Amazon.com

$1,750.79

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SQ

Square

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TWTR

Twitter

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CSIQ

Canadian Solar

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0.39 (2.17%)

FSLR

First Solar

$53.36

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JASO

JA Solar

$0.00

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SPWR

SunPower

$7.23

0.15 (2.12%)

TSL

Trina Solar

$0.00

(0.00%)

YGE

Yingli Green Energy

$0.00

(0.00%)

AKS

AK Steel

$3.24

0.065 (2.05%)

MT

ArcelorMittal

$17.88

0.43 (2.46%)

NUE

Nucor

$57.60

1.13 (2.00%)

STLD

Steel Dynamics

$35.10

0.67 (1.95%)

TMST

TimkenSteel

$6.90

0.41 (6.32%)

X

U.S. Steel

$13.95

0.615 (4.61%)

AA

Alcoa

$20.60

0.68 (3.41%)

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FATE

Fate Therapeutics

$13.64

0.07 (0.52%)

09:27
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  • 07

    Dec

09:25
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Conference/Events
JPMorgan enterprise software analyst to hold an analyst/industry conference call »

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CRVS

Corvus Pharmaceuticals

$4.26

-0.36 (-7.79%)

09:23
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KPTI

Karyopharm

$16.30

-1.15 (-6.59%)

09:21
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  • 07

    Dec

ABBV

AbbVie

$86.97

0.3 (0.35%)

09:18
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  • 07

    Dec

SRRA

Sierra Oncology

$0.49

0.1035 (27.13%)

09:16
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  • 07

    Dec

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    Dec

SGMO

Sangamo

$11.65

0.05 (0.43%)

, PFE

Pfizer

$38.29

0.26 (0.68%)

09:14
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SGMO

Sangamo

$11.65

0.05 (0.43%)

PFE

Pfizer

$38.29

0.26 (0.68%)

03/08/13
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    Dec

VSTM

Verastem

$1.31

0.055 (4.38%)

09:12
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Verastem announces 62% response rate for duvelisib in T-cell lymphoma »

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  • 07

    Dec

RHHBY

Roche

$0.00

(0.00%)

09:09
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09:09
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Genentech announces new data on CD20-CD3 T-cell in Hodgkin's lymphoma »

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    Dec

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    Dec

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    Dec

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    Dec

  • 16

    Dec

XENE

Xenon Pharmaceuticals

$13.92

0.03 (0.22%)

, BMRN

BioMarin

$79.90

-0.18 (-0.22%)

08:59
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Xenon to provide updates on partnered epilepsy programs »

Xenon Pharmaceuticals…

XENE

Xenon Pharmaceuticals

$13.92

0.03 (0.22%)

BMRN

BioMarin

$79.90

-0.18 (-0.22%)

03/08/13
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  • 07

    Dec

CLF

Cleveland-Cliffs

$8.14

0.2 (2.52%)

, AKS

AK Steel

$3.24

0.065 (2.05%)

08:56
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Recommendations
Cleveland-Cliffs, AK Steel analyst commentary  »

Cleveland-Cliffs shares…

CLF

Cleveland-Cliffs

$8.14

0.2 (2.52%)

AKS

AK Steel

$3.24

0.065 (2.05%)

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M

Macy's

$15.15

0.04 (0.26%)

08:53
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Periodicals
Barron's skeptical on Macy's shares into the holiday season »

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COF

Capital One

$101.39

1.8 (1.81%)

08:43
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Capital One shares could have more upside ahead, Barron's says »

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  • 26

    Feb

EXPE

Expedia

$107.58

1.9 (1.80%)

08:26
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Periodicals
Expedia shares still a buy despite management changes, Barron's says »

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  • 09

    Dec

DAR

Darling Ingredients

$24.05

0.39 (1.65%)

, CODI

Compass Diversified

$23.88

0.45 (1.92%)

08:21
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Periodicals
Darling, Qualys among small-caps to own for 2020 breakout, Barron's says »

In its weekend cover…

DAR

Darling Ingredients

$24.05

0.39 (1.65%)

CODI

Compass Diversified

$23.88

0.45 (1.92%)

QLYS

Qualys

$85.37

-0.37 (-0.43%)

LECO

Lincoln Electric

$92.52

0.69 (0.75%)

HASI

Hannon Armstrong

$29.50

0.24 (0.82%)

03/08/13
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  • 10

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CBMG

Cellular Biomedicine

$17.56

0.18 (1.04%)

08:11
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Cellular Biomedicine presents first clinical data of C-CAR088 in myeloma »

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  • 07

    Dec

AXLA

Axcella

$3.63

-0.83 (-18.61%)

08:07
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Axcella says preclinical of AXA4010 data show multifactorial potential »

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AZN

AstraZeneca

$47.68

0.06 (0.13%)

08:04
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AstraZeneca says Calquence combination improved survival in leukemia patients »

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ABBV

AbbVie

$86.97

0.3 (0.35%)

08:01
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08:01
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AbbVie announces follow-up data from chronic lymphocytic leukemia study »

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  • 07

    Dec

ABBV

AbbVie

$86.97

0.3 (0.35%)

07:56
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07:56
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AbbVie announces data from Phase 2 lymphocytic leukemia study »

AbbVie announced new data…

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  • 07

    Dec

JNJ

Johnson & Johnson

$140.36

0.79 (0.57%)

07:51
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07:51
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Janssen announces initial results from Phase 1b/2 multiple myeloma study »

Janssen Pharmaceutical…

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XBIT

XBiotech

$11.11

0.1 (0.91%)

, JNJ

Johnson & Johnson

$140.36

0.79 (0.57%)

07:46
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Hot Stocks
XBiotech sells bermekimab to Janssen for $750M plus potential milestones »

XBiotech (XBIT) announced…

XBIT

XBiotech

$11.11

0.1 (0.91%)

JNJ

Johnson & Johnson

$140.36

0.79 (0.57%)

03/08/13
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PCG

PG&E

$9.65

-0.13 (-1.33%)

07:39
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07:39
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07:39
Hot Stocks
PG&E to amend and finalize bankruptcy plan following settlement »

PG&E said in a…

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PCG

PG&E

$9.65

-0.13 (-1.33%)

07:39
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07:39
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PG&E to amend and finalize bankruptcy plan following settlement »

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